Terms Used In Utah Code > Title 79 > Chapter 6 > Part 5 - Alternative Energy Development Tax Credit Act

• Alternative energy: means the same as that term is defined in Section 59-12-102. See Utah Code 79-6-502
• Alternative energy entity: includes a pass-through entity taxpayer, as defined in Section 59-10-1402, of a person described in Subsection (2)(a). See Utah Code 79-6-502
• Alternative energy project: means a project produced by an alternative energy entity if that project involves:
       (3)(a) a new or expanding operation in the state; and
       (3)(b)

            (3)(b)(i) utility-scale alternative energy generation; or

            (3)(b)(ii) the extraction of alternative fuels. See Utah Code 79-6-502
• Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• New incremental job within the state: means , with respect to an alternative energy entity, an employment position that:
       (4)(a) did not exist within the state before:

            (4)(a)(i) the alternative energy entity entered into an agreement with the office in accordance with Section 79-6-503; and

            (4)(a)(ii) the alternative energy project began;
       (4)(b) is not shifted from one location in the state to another location in the state; and
       (4)(c) is established to the satisfaction of the office, including by amounts paid or withheld by the alternative energy entity under Title 59, Chapter 10, Individual Income Tax Act. See Utah Code 79-6-502
• New state revenues: means an increased amount of tax revenues generated as a result of an alternative energy project by an alternative energy entity or a new incremental job within the state under the following:
       (5)(a) Title 59, Chapter 7, Corporate Franchise and Income Taxes;
       (5)(b) Title 59, Chapter 10, Individual Income Tax Act; and
       (5)(c) Title 59, Chapter 12, Sales and Use Tax Act. See Utah Code 79-6-502
• Office: means the Office of Energy Development created in Section 79-6-401. See Utah Code 79-6-502
• Person: means :
       (24)(a) an individual;
       (24)(b) an association;
       (24)(c) an institution;
       (24)(d) a corporation;
       (24)(e) a company;
       (24)(f) a trust;
       (24)(g) a limited liability company;
       (24)(h) a partnership;
       (24)(i) a political subdivision;
       (24)(j) a government office, department, division, bureau, or other body of government; and
       (24)(k) any other organization or entity. See Utah Code 68-3-12.5
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
• Tax credit: means a tax credit under Section Utah Code 79-6-502
• Tax credit applicant: means an alternative energy entity that applies to the office to receive a tax credit certificate under this part. See Utah Code 79-6-502
• Tax credit certificate: means a certificate issued by the office that:
       (9)(a) lists the name of the tax credit certificate recipient;
       (9)(b) lists the tax credit certificate recipient's taxpayer identification number;
       (9)(c) lists the amount of the tax credit certificate recipient's tax credits authorized under this part for a taxable year; and
       (9)(d) includes other information as determined by the office. See Utah Code 79-6-502
• Tax credit certificate recipient: means an alternative energy entity that receives a tax credit certificate for a tax credit in accordance with this part. See Utah Code 79-6-502